v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net (loss) income $ (7,073,856) $ 10,410,456 $ 13,521,299 $ 4,844,863
Adjustments to reconcile net income to net cash used in operating activities:        
Interest earned on investments held in Trust Account (2,613,824) (362,360) (3,945,497) (23,634)
Change in fair value of warrant liabilities 5,546,250 (10,841,250) (11,881,250) (8,680,000)
Change in fair value of forward purchase agreement 1,500,000    
Transaction costs allocable to warrant liabilities     760,022
Changes in operating assets and liabilities:        
Prepaid expenses (102,869) 220,962 438,203 (514,553)
Accrued expenses 694,952 (162,157) (114,070) 1,176,870
Income tax payable (378,341) 21,720 383,410
Net cash used in operating activities (2,427,688) (712,629) (1,597,905) (2,436,432)
Cash Flows from Investing Activities:        
Investment of cash in Trust Account (640,000) (287,500,000)
Cash withdrawn from Trust Account for payment of franchise and income tax obligations 1,381,050 123,251 731,214
Net cash provided by investing activities 248,000,118 123,251 731,214 (287,500,000)
Cash withdrawn from Trust Account in connection with redemptions 247,259,068    
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid       281,750,000
Proceeds from sale of Private Placement Warrants     8,250,000
Proceeds from non-convertible promissory note – related party 1,200,000 149,992
Repayment of promissory note – related party     (149,992)
Proceeds from convertible first promissory note – related party 750,000 750,000 750,000
Proceeds from convertible second promissory note – related party 640,000    
Redemption of common stock (247,259,068)    
Payment of offering costs     (572,862)
Net cash (used in) provided by financing activities (245,419,068) 750,000 750,000 290,177,138
Net Change in Cash 153,362 160,622 (116,691) 240,706
Cash – Beginning of the period 145,980 262,671 262,671 21,965
Cash – End of the period 299,342 423,293 145,980 262,671
Non-cash investing and financing activities:        
Deferred underwriting fee payable     10,062,500
Cash paid for income taxes $ 802,000 $ 367,000